BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Research Report
Rossari Biotech Ltd. consolidate revenue grew by 88% YoY at Rs 4,347 million (5% below our estimates) which includes mergers’ impact and can’t be compared directly with Q1 FY22; however, it has observed decline by 1% QoQ in revenue.
Standalone revenue reported at Rs 2,337 million (up 14.6% YoY / 10.7% down QoQ).
Rossari Biotech's Ebitda reported at Rs 577 million (up 52% YoY / up 10% QoQ; 5% above our estimates); as Ebitda margin reported at 13.3% (down 310 bps YoY / up 136.3 bps QoQ) on account of price increases and softening of raw material prices (above our estimates of 12.0%).
Profit after tax reported at Rs 286.81 (17% YoY/ 19% QoQ) as against Rs 240.8 million in Q4 FY22.
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